| 功能视角下数字普惠金融阈值对技术创新的非对称影响 |
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| 引用本文： | 王昱,刘思钰,支森润.功能视角下数字普惠金融阈值对技术创新的非对称影响[J].研究与发展管理,2022,34(6):92-105. |
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| 作者姓名： | 王昱 刘思钰 支森润 |
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| 作者单位： | 大连理工大学,大连理工大学,大连理工大学 |
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| 基金项目： | 国家社会科学基金项目 “互联网金融发展下金融部门与企业R&D投资的技术选择协同机制研究”（19CJL032）。 |
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| 摘 要： | 数字普惠金融作为数字技术驱动金融包容性增长的新金融形式，无论在服务范围和触达能力的规模层面，还是在与信息技术深度融合的功能层面，均能更精准化支持技术创新。本文首先基于A&H模型与内生增长模型，嵌入金融超发展非线性影响关系，并借助数值模拟方法，揭示数字普惠金融规模和效率层面的不同阈值对技术创新的非对称传导机制和影响特征。其次沿着功能视角，深入我国2011~2018年地级市数据，运用门限模型实证检验数字普惠金融阈值对技术创新的影响，结果发现：（1）数字普惠金融对技术创新存在非对称影响，在不同阈值范围内对技术创新影响程度不同；（2）数字普惠金融在覆盖广度、使用深度等规模层面对技术创新表现为明显的超过合理阈值后的递减影响特征，在数字化程度等功能层面表现为持续的正向促进影响；（3）数字普惠金融对技术创新影响存在显著的区域差异。对于东部地区，金融规模过度扩张表现出不同阈值的边际递减效应，而金融效率可以保持正向促进影响；对于中西部地区，二者均表现出正向促进作用。本研究表明，数字普惠金融促进技术创新中的功能层面改善是突破规模瓶颈的重要手段。
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| 关 键 词： | 数字普惠金融 技术创新 金融阈值 门限模型 |
| 收稿时间： | 2021/10/1 0:00:00 |
| 修稿时间： | 2022/6/7 0:00:00 |
Asymmetric Impact of Digital Inclusive Finance Threshold on Technological Innovation from the Functional Perspective |
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| WANG Yu,LIU Si-yu,ZHI Sen-run.Asymmetric Impact of Digital Inclusive Finance Threshold on Technological Innovation from the Functional Perspective[J].R&d Management,2022,34(6):92-105. |
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| Authors: | WANG Yu LIU Si-yu ZHI Sen-run |
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| Abstract: | Digital inclusive finance, as a new financial form driven by digital technology, can support technological innovation more precisely, no matter in the scale of service scope and reach ability, or in the function level of deep integration with information technology. In this paper, based on A&H model and endogenous growth model, nonlinear influence relationship of financial super development is embedded, and numerical simulation method is used to reveal the asymmetric transmission mechanism and influence characteristics of different thresholds of digital inclusive finance scale and efficiency on technological innovation. Secondly, from a functional perspective, this paper explores the data of prefecture-level cities in China from 2011 to 2018, and empirically tests the impact of digital financial inclusion threshold on technological innovation by using the threshold model. The results show that :(1) digital financial inclusion has an asymmetric impact on technological innovation, and the impact of digital financial inclusion on technological innovation varies within different threshold ranges; (2) Digital inclusive finance has an obvious decreasing impact on technological innovation beyond a reasonable threshold at the scale of coverage and depth of use, while it has a continuous positive impact on the functional level of digitalization. (3) There are significant regional differences in the impact of digital financial inclusion on technological innovation. For the eastern region, the overexpansion of financial scale shows a marginal diminishing effect with different thresholds, while financial efficiency can maintain a positive promoting effect. For the central and western regions, both have positive promoting effects. This study shows that digital financial inclusion promotes functional improvement in technological innovation and is an important means to break through the bottleneck of scale. |
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| Keywords: | Digital inclusive finance Technological innovation Financial threshold Threshold model |
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